Former CBS CEO Les Moonves, Forced Out Due to Sexual Harassment Allegations, Will Not Receive His $120 Million Severance Package

Les Moonves, the shamed ex-CEO of CBS, will not get his $120 million severance package, CBS announced late Monday, citing his failure to "cooperate fully" with an internal investigation of allegations of sexual misconduct against him.

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"With regard to Mr. Moonves, we have determined that there are grounds to terminate for cause, including his willful and material misfeasance, violation of Company policies and breach of his employment contract, as well as his willful failure to cooperate fully with the Company’s investigation. Mr. Moonves will not receive any severance payment from the Company," the statement said.

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His golden parachute looked even more imperiled in late November when The New York Times posted a lengthy story describing how he allegedly forced oral sex on a young actress years ago and then worked with her down-and-out agent to get her roles to keep her quiet after the #MeToo movement exploded.

Under his employment contract, the network would not have to pay Moonves severance if the investigation found evidence that he did not tell the full truth about whether he tried to pay off an accuser with job offers and then tried to hide it.

Moonves' lawyer called the decision a sham and suggested that CBS was defaming Moonves, possibly previewing a coming lawsuit.

I keep telling you guys: We need to listen more to our Media Elite and aspire to be more like them.